Bond Sales For Bundesliga's Schalke 04 Drop 5% In First Round Trading

On its first day of trading on the Frankfurt Stock Exchange, the corporate bond of Bundesliga
club Schalke 04 took a hit and lost about 5%, according to German
business newspaper HANDELSBLATT.The
club “wants to use the return from its bond to restructure its debts.” The club announced that it "has sold bonds with a total value of €35M ($43M) by the end of
the subscription period.” Handelsblatt wrote, "This is well
below the club’s anticipated goal of selling bonds for a total value of €50M ($62M) (HANDELSBLATT, 6/11).